JPMorgan Chase recognizes that the identities and cultures of indigenous peoples are inextricably linked to the lands on which they live and the natural resources on which they depend. We recognize the rights of these communities regarding issues affecting their lands and territories, traditionally owned or otherwise occupied and used. JPMorgan Chase prefers to only finance projects in indigenous areas where free, prior informed consultation results in support of the project by the affected indigenous peoples. Such projects will include measures to: (a) avoid potentially significant adverse effects on the indigenous peoples' communities; or (b) when avoidance fails, minimize, mitigate, and compensate for such affects. JPMorgan Chase's due diligence will include an assessment of the impact on indigenous peoples, as follows:
For such projects, which impact indigenous people in sensitive areas, whether directly or by induced impact, the project sponsor or borrower, as appropriate, will have demonstrated the following:
They have given indigenous people the opportunity and, if needed, culturally appropriate representation to engage in informed participation and collective decision-making;
Provided information on the ways in which the project may have a potentially adverse impact on them in a culturally appropriate manner at each stage of project preparation, implementation and operation;
Given adequate time to study the relevant information; and
Provided access to a grievance mechanism.
In addition, the project sponsor or borrower, as appropriate, will have demonstrated the following:
Consultation approaches that rely on existing customary institutions, the role of community elders and leaders, and the established governance structure for tribal and indigenous communities;
Governmental authorities at the local, regional or national level have provided mechanisms for the affected communities to be represented or consulted, and international and local laws have been upheld; and
Major indigenous land claims are appropriately addressed.
